Bribes, Kickbacks, and Taxes

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The most dreaded part of year for most of us is approaching; tax season! Whether you get your income from an honest days work or through “Tony Soprano” blessed activity, the IRS wants your money!

With this in mind, those of you who venture into illicit financial ventures, please be aware of the following from our friends at the IRS:

“Bribes. If you receive a bribe, include it in your income.” – IRS Publication 525 (2019) p. 25.

“Kickbacks. You must include kickbacks, side commissions, push money, or similar payments
you receive in your income…- ibid. p. 33.

Of course, once has to wonder if the IRS might share any suspicious “income” declarations with their brothers and sisters at the FBI. Good luck!

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Pic: Wildomar Magazine | Parody, Satire, Opinion and Commentary (wordpress.com)

Author: Dave

Some might call me a Conservative others a Moderate. My core beliefs: 1) Christian 2) Republican 3) Pro First and Second Amendments 4) Our country is not racist, neither are most people. Unfortunately, there is hate and distrust among individuals of all colors. New laws, violent protests, and arguing will not solve anything. We must change the heart. 5) Legalize marijuana. There are those who have no other alternative to relieve pain, especially among our disabled, ill, and disabled Veterans. 6) Jesus Christ will return sooner than we expect. (Just my belief)

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